Proofpoint Inc (NASDAQ:PFPT) EVP Bhagwat Swaroop sold 5,000 shares of Proofpoint stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $122.02, for a total transaction of $610,100.00. Following the sale, the executive vice president now owns 5,726 shares in the company, valued at $698,686.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NASDAQ:PFPT traded up $0.50 during mid-day trading on Tuesday, hitting $121.85. The company had a trading volume of 581,163 shares, compared to its average volume of 518,231. The firm has a fifty day moving average price of $117.19 and a 200 day moving average price of $120.58. The company has a market capitalization of $6.87 billion, a PE ratio of -105.96 and a beta of 1.60. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.93 and a quick ratio of 1.93. Proofpoint Inc has a one year low of $89.01 and a one year high of $133.58.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Thursday, October 24th. The software maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. The company had revenue of $227.40 million during the quarter, compared to analyst estimates of $224.32 million. Proofpoint had a negative net margin of 14.56% and a negative return on equity of 10.85%. Proofpoint’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 EPS. Research analysts expect that Proofpoint Inc will post -0.65 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on PFPT. Evercore ISI restated a “buy” rating and issued a $150.00 price target on shares of Proofpoint in a research report on Wednesday, October 23rd. SunTrust Banks began coverage on shares of Proofpoint in a research report on Wednesday, October 2nd. They issued a “hold” rating and a $135.00 price target on the stock. Piper Jaffray Companies began coverage on shares of Proofpoint in a research report on Friday, November 8th. They issued an “overweight” rating and a $155.00 price target on the stock. Wedbush restated an “outperform” rating and issued a $140.00 price target on shares of Proofpoint in a research report on Friday, October 25th. Finally, Robert W. Baird restated a “buy” rating and issued a $145.00 price target on shares of Proofpoint in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $142.87.

Several large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Proofpoint by 1.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,258,637 shares of the software maker’s stock valued at $993,101,000 after acquiring an additional 143,412 shares in the last quarter. Vanguard Group Inc. increased its stake in Proofpoint by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,000,916 shares of the software maker’s stock valued at $601,361,000 after purchasing an additional 29,403 shares in the last quarter. BlackRock Inc. increased its stake in Proofpoint by 9.8% during the 2nd quarter. BlackRock Inc. now owns 2,685,991 shares of the software maker’s stock valued at $322,991,000 after purchasing an additional 240,427 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Proofpoint during the 2nd quarter valued at $206,297,000. Finally, Pictet Asset Management Ltd. increased its stake in Proofpoint by 0.9% during the 3rd quarter. Pictet Asset Management Ltd. now owns 935,815 shares of the software maker’s stock valued at $120,767,000 after purchasing an additional 8,315 shares in the last quarter. Institutional investors own 98.12% of the company’s stock.

Proofpoint Company Profile

Proofpoint, Inc operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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